JPMorgan is seeing an increased interest and demand for social bonds, which are debt instruments used to finance things like affordable housing and healthcare. Marissa: "I think what's going to be interesting to watch in the coming months and years is really the extent to which I think companies again see the need for them to do more around both social and sustainability objectives"
Climate change took "a bit of a backseat" during the first several weeks of the coronavirus pandemic as "governments and businesses frankly were really just focused on survival," JPMorgan Chase Head of Sustainability Marisa Buchanan said in an exclusive interview in the latest episode of "ESG Insider," an S&P Global podcast.
"As economies begin to rebuild [and] businesses have greater ability to focus on these issues, we're going to see budget and bandwidth come back hopefully," Buchanan said.
The episode is part of a series in which we talk to some of the world's biggest lenders about how they are adapting their environmental, social and governance strategies amid COVID-19 and widespread protests against racism following George Floyd's death in the custody of Minneapolis police.
Listen to the episode to hear to the full interview, and subscribe to ESG Insider to catch future episodes.
(Photo: AP)